VEGVÍSIR IT: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
VEGVÍSIR IT
Largest movements
- Cash -€6,106
down €6,106 (-13.2%), from €46,106 to €40,000
mainly Other debts (-€17,787) and Contributions, distributions and other (-€15,216)
- Tangible fixed assets -€4,494
down €4,494 (-20.9%), from €21,493 to €17,000
of which Furniture and vehicles: -€3,167
- Receivables within one year -€4,430
down €4,430 (-14.5%), from €30,485 to €26,055
of which Trade receivables: -€3,103
- Other debts -€17,787
down €17,787 (-93.5%), from €19,029 to €1,242
- Reserves +€8,651
up €8,651 (+19.8%), from €43,652 to €52,303
- Short-term financial debts -€7,830
down €7,830 (-100%), from €7,830 to €0
- Tax, wage and social debts +€7,308
up €7,308 (+140%), from €5,229 to €12,538
of which Taxes: +€7,308
- Trade debts -€5,464
down €5,464 (-79.2%), from €6,895 to €1,431
- Gross operating margin +€19,127
up €19,127 (+83.2%), from €22,996 to €42,123
- Taxes +€3,599
up €3,599 (+92.6%), from €3,885 to €7,483
- Depreciation +€841
up €841 (+14.3%), from €5,869 to €6,711
- Financial charges -€445
down €445 (-12.8%), from €3,489 to €3,044
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €101,186 | €86,064 | -€15,122 | -14.9% |
| Fixed assets | 21/28 | €21,518 | €17,025 | -€4,494 | -20.9% |
| Tangible fixed assets | 22/27 | €21,493 | €17,000 | -€4,494 | -20.9% |
| Plant, machinery and equipment | 23 | €1,411 | €2,610 | +€1,199 | +85.0% |
| Furniture and vehicles | 24 | €9,350 | €6,183 | -€3,167 | -33.9% |
| Other tangible fixed assets | 26 | €10,732 | €8,207 | -€2,525 | -23.5% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €79,668 | €69,039 | -€10,629 | -13.3% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €30,485 | €26,055 | -€4,430 | -14.5% |
| Trade receivables | 40 | €23,042 | €19,939 | -€3,103 | -13.5% |
| Other amounts receivable | 41 | €7,442 | €6,115 | -€1,327 | -17.8% |
| Cash at bank and in hand | 54/58 | €46,106 | €40,000 | -€6,106 | -13.2% |
| Deferred charges and accrued income | 490/1 | €3,077 | €2,984 | -€93 | -3.0% |
| Total equity and liabilities | 10/49 | €101,186 | €86,064 | -€15,122 | -14.9% |
| Equity | 10/15 | €62,202 | €70,853 | +€8,651 | +13.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €43,652 | €52,303 | +€8,651 | +19.8% |
| Distributable reserves | 133 | €43,652 | €52,303 | +€8,651 | +19.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €38,984 | €15,211 | -€23,773 | -61.0% |
| Amounts payable within one year | 42/48 | €38,984 | €15,211 | -€23,773 | -61.0% |
| Financial debts | 43 | €7,830 | €0 | -€7,830 | -100% |
| Credit institutions | 430/8 | €7,830 | €0 | -€7,830 | -100% |
| Trade debts | 44 | €6,895 | €1,431 | -€5,464 | -79.2% |
| Suppliers | 440/4 | €6,895 | €1,431 | -€5,464 | -79.2% |
| Taxes, remuneration and social security | 45 | €5,229 | €12,538 | +€7,308 | +140% |
| Taxes | 450/3 | €3,529 | €10,838 | +€7,308 | +207% |
| Remuneration and social security | 454/9 | €1,700 | €1,700 | = | 0.0% |
| Other amounts payable | 47/48 | €19,029 | €1,242 | -€17,787 | -93.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,869 | €6,711 | +€841 | +14.3% |
| Other operating charges | 640/8 | €817 | €631 | -€185 | -22.7% |
| Non-recurring operating charges | 66A | €254 | €394 | +€140 | +55.0% |
| Gross operating margin | 9900 | €22,996 | €42,123 | +€19,127 | +83.2% |
| Operating profit (loss) | 9901 | €16,056 | €34,387 | +€18,331 | +114% |
| Financial income | 75/76B | €6 | €7 | +€2 | +35.0% |
| Recurring financial income | 75 | €6 | €7 | +€2 | +35.0% |
| Financial charges | 65/66B | €3,489 | €3,044 | -€445 | -12.8% |
| Recurring financial charges | 65 | €3,489 | €3,044 | -€445 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | €12,572 | €31,350 | +€18,778 | +149% |
| Income taxes | 67/77 | €3,885 | €7,483 | +€3,599 | +92.6% |
| Profit (loss) for the period | 9904 | €8,687 | €23,867 | +€15,179 | +175% |
| Profit (loss) for the period to be appropriated | 9905 | €8,687 | €23,867 | +€15,179 | +175% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.